OIL & GAS
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Oil Prices Hit Two Month High as China Eases Restrictions
Oil closed at the highest level since August as markets rallied over China easing its Covid restrictions. Brent crude futures…
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Power generation rises in 48 hours, hits 4,864MW
Power generation on the national grid increased by 834.8 megawatts between Monday and Wednesday morning, hitting a high of 4,863.7MW…
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Shell to pay Amni’s $4.6m into court’s account
Justice Akintayo Aluko of a Federal High Court sitting in Lagos has ordered Shell Western Supply & Trading Limited to…
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Discos remit N291bn to CBN in eight months
The eleven electricity distribution companies in Nigeria remitted a total of N291bn to the Central Bank of Nigeria within the…
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IOCs polluting Nigeria must face sanctions – Minister
The Federal Government, on Monday, said that it would henceforth hold international oil companies accountable for the massive environmental pollution…
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Marketers protest N185/litre fuel, threaten strike
The Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price…
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Nigeria requires $425bn to reach 2060 net zero target
To achieve net zero carbon emissions by 2060, and cut energy costs by 74%, Nigeria would require an investment of…
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More investment will ensure reliable LPG supply – NLNG
The Nigeria LNG Limited has called on stakeholders in the domestic Liquified Petroleum Gas value chain, to invest in…
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Kerosene Price Up 118% Year-On-Year – NBS
The National Bureau of Statistics, NBS, has reported in its “National Kerosene Price Watch’’, that kerosene price rose to…
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Nigeria Offers Kaduna Refinery Rehab To Daewoo Engineering
Nigeria has further expanded oil and gas jobs for South Korea Engineering firm, Daewoo Engineering and Construction. With President Muhammadu…
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Petrol scarcity: Marketers blame lack of import vessels
Oil marketers on Wednesday said the scarcity of Premium Motor Spirit, popularly called petrol, in many parts of Nigeria was…
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Nigeria’s LNG consumption rises to 1.3m tons
Nigeria’s consumption of Liquefied Natural Gas has increased by over 1000 per cent in the last 14 years, according to…
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Oil Theft: Navy, EFCC Hands Over Vessels, Crew
In the spirit of interagency cooperation, the Nigerian Navy and the Economic and Financial Crimes Commission (EFCC) have said they were…
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Peterside knocks NNPC over waste, poor business model
Entrepreneur, and founder of Stanbic IBTC Bank Plc, Atedo Peterside, has taken a swipe at state oil firm, NNPC Limited,…
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More IOCs to divest, job losses loom – FG
More international oil companies operating in Nigeria are going to divest from onshore oil and gas assets due to…
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OPEC decision on oil production cut, unanimous – FG
The Federal Government on Tuesday said the decision by the Organisation of Petroleum Exporting Countries to cut two million barrels…
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NLNG shuts operations over flooding, gas scarcity looms
The Nigeria Liquefied and Natural Gas company has declared force majeure because of widespread flooding that has disrupted supply, a…
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Grid collapses 98 times under Buhari amid N1.52tn bailout
Nigeria’s available power generation capacity fell by 981.8 megawatts between 2015 and August 2022 despite the over N1.51tn intervention in…
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Firm, foreign partners sign MoU on green energy
Pelican Valley Nigeria Limited has perfected a plan to power its newly launched Ecostay Apartment in Abeokuta through green energy…
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NNPC, PTI to deploy anti-theft systems on pipelines
The Nigerian National Petroleum Company Limited and the Petroleum Training Institute are to install anti-theft integrated monitoring systems on…
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